Audit of operations on the settlement account is the basis for calculating the taxable base in the absence of primary documents
Audit is an expert review of financialdocuments and reporting of the business entity conducted in full compliance with the rules of conducting all financial and accounting operations under the current Russian legislation and the provisions of the accounting report to reflect the accuracy and completeness of the financial statements on the economic activities of the enterprise.
Audit is divided into two main types: initiative and compulsory. The initiator of the initiative audit is usually the founders (founder) of the enterprise, or the management of the enterprise, wanting to identify weaknesses in accounting, verify the accuracy of the calculation and payment of taxes for the year, as well as conduct an audit in accounting for the existing debt of the company. Mandatory audit (integrated or selective thematic) is conducted at the request of government agencies and is aimed at identifying distortions and violations in the general accounting system for the enterprise.
The main documents for conducting the auditare the annual balance of the enterprise, the final report on the movement of monetary assets, tax calculations, registers of accounting for movement on the current account and documents (contracts, invoices-invoices), serving as the accounting basis for processing bank transactions on various accounts.
Audit of settlements with creditors, as well as audittransactions on the settlement account and audit of operations on settlement accounts is carried out for drawing up of the conclusion, for formation of an independent opinion on accuracy of the presented data on the financial reporting in the section "Monetary assets" on the basis of the approved methodology of accounting for cash and assets in accordance with the provisions of regulations in force RF, for the audited period.
Audit of operations on settlement accounts is carried out on the basis of the regulatory instructions governing the list of operations and the procedure for their implementation onsettlement, foreign currency account and other special and block accounts in credit institutions.
Audit of operations on the settlement account begins withdetermination of the number of settlement accounts opened at the enterprise. Next, you check the analytics on each of them separately. The basic necessary information on movement on the settlement account is contained in bank statements and primary documents, which are the basis for conducting banking operations.
Audit of operations on the settlement account reveals the correctness of the reflection of transactions reflected in the bank statement and their compliance with the primary documents.
In addition, the audit of operations on the settlement accountis aimed at revealing the completeness and accuracy of enrolling encashed cash. In the process of checking the movement of the settlement account, the validity of transfers of money from the account of the organization on the basis of concluded contracts is checked and at the same time an audit of settlements with creditors is conducted.
The task of checking the current account includes the following items: this is the implementation of the correctness of the execution of financial documents, their arithmetic verification, as well as verification of the legality of their conduct.
Verification of mutual settlements with debtors andcreditors are conducted in accounts No. 46 "Realization of works (services)", No. 60 "Mutual settlements with suppliers of goods and contractors", "Mutual settlements with buyers" account No. 62 and No. 76 "Other settlements".
General audit and verification of transactions on all accountsincludes an examination of the movement of funds in foreign currency accounts (current and transit), as well as on accounts 55 of the Special Account. This includes check books, and letters of credit, and deposits. The correspondence, completeness and correctness of records on these accounts is also checked against the data reflected in the general ledger.
It's no secret that in the base of existing andoperating enterprises sometimes there are economic entities that try to withdraw the received money from taxation, using all possible options. For example, primary reporting can be destroyed or it is impossible to determine any credentials from it. Then, the audit bodies perform mandatory audit, in particular - audit of operations on the settlement account, carried out on the basis of information received from the bank servicing the enterprise, on the movement of funds on settlement accounts. Further, during the audit of past transactions, primary documents, including documents on mutual settlements with debtors and creditors, are restored. And so all the basic data influencing the tax base for the enterprise for the reporting period is recreated.